We have been observing a fall in the gold prices in the international market for a few months and the countries that are trading with gold instead of dollar of any other currency are worried about this continuous fall in the gold prices. Iraq is also one of those countries who are using gold for their international trades instead of dollars or their home currency.
Some of the economists are of the view that this decrease in the value of gold will affect the local market of Iraq and the economy will have to bear extra burden for this decrease and all imported goods will be costly as they were traded with gold. Economists are also talking about its effect on the recent budget of Iraq because revenue of the government was also affected by decrease of gold prices in the global market.
Contrary to this, some economists are not sure that the economy of Iraq would affect a lot with the present value of gold in the global market. The frozen assets of Iraq that valued $82 billion dollars are also included in the budget of 2014 and therefore it created a positive effect on the final balance sheet of Iraq. Iraq has scored very well in the export of oil in the year 2013. Therefore, Iraq had enough money to support its economy at the time of crisis and to fulfill the deficiency of its budget. There will be minor affect of gold price varies on the economy and the final budget of Iraq.
There is so much confusion nowadays to invest in Iraqi dinar. There are different points of view about this investment; some people say that this is a scam while a large number of people predicts that this is the investment which has been offering the benefits for the future and for the long term. No doubt, this country has been devastated by the war and the other conflicts present internally. This country has been also been under the dictatorship of Saddam Hussein, who occupied this country for more than three decades, and the bad effect of this dictator made the entire country destroyed to a great extent. Continue reading
The government of Iraq with the cooperation of the central bank of Iraq is playing well in the economic ground of the world to regain the value of the dinar in local and international level. The central bank of Iraq is facing a major issue in controlling the volume of foreign currency in the country which directly affects the value of the Iraqi dinar. For the last 10 weeks, the central bank of Iraq has been losing control over the demand and supply of the dollar in the market. Continue reading
Iraq is always in media reports by its critical security situations and facing a difficult security environment than any other country of the world. Despite of its all security issues, the annual growth of Iraq is about 9% that is more than any other developing country of the world and Iraq is growing its economy with the good pace and facing all the security and economic problems with rational security and economic policies. Continue reading
The Iraq is ninety percent dependent on its oil and gas industry and generates most of its revenue from this industry. For more than six months, the oil production in Iraq was affected by the leakage and repair issues in the different areas of Iraq. The Infrastructure of the Iraq is badly damaged by the severe war with the United States of America and more than 40% of its area is left to drill. Continue reading
Investing in IQD is always a question for many people; people are always surprised to know about Iraqi dinar investment. For those who are new to the internet world, really got surprised to know about the investment in currency of Iraq. They are always keen to know about this currency, its investment procedures, and investment perspective according to the future benefits. Earlier, there were only the four main currencies present which is Euro, GBP, and USD. Continue reading
IQD has been the talk of town for all the investors. Iraq is an oil rich country and in spite of its war conditions and the constant threats of the US for attacks on it, people are still thinking about investing in the Dinar. Currency of Iraq would soon be seen as the best currency as per the Iraqi economists. There is a tug of war going on between both the groups that would it be a good decision to manage the change in the price of the dinar or not. Iraq would not only gain the best benefits in very less time but it would also get a better price for its oil by the other countries of the world. Iraq’s trouble is because of the oil reserves they have. The US has a keen interest in the oil reserves worth 11.6 trillion dollars in Iraq. Iraq is now in a better condition but still the conditions of the country need to be managed in a much better way. Continue reading
Iraq was a very strong country a few decades back. It had a very strong economy but with the passage of time and the constant war conditions the country lost all its beauty and has not been able to recover up till yet. The tourism got affected badly and due to the war conditions the Muslims who wanted to visit Iraq for pilgrimage were not given any visas. All those people who have been seeing the conditions of Iraq especially after the US attack on it in the nineteen eighties know how badly they have suffered. Continue reading
Valuing the dinar is a great idea as all those people who had recently been trying to manage the different things related to the buying and selling of it, should wait for a bit. The government of Iraq is making strict efforts in revaluing the currency and all the while the World Bank has been providing its support too. However the economists of the country are in a confused state and have yet to decide if the equalizing the condition of the dinar is the right thing or not. Continue reading
It is a fact and reality that Iraqi dinar revaluation is near. The revaluation as per many financial experts was dependent on the fulfillment of the factors, which are to be completed soon. First factor which is reflecting the revaluation of Iraqi currency happening soon is the uplift of all the sanctions from Iraq by the UNO and USA. Some of the sanctions are yet to be uplifted, afterward, the revaluation of dinar will not be a matter of delay and tension. So, many people predicting the rise in the value of Iraqi money are saying right at all and this will make the thousands of people rich and prosperous. This currency is moving ahead toward the revaluation steadily. This is the currency which will then be traded internationally and will be available at an easy point for everyone. So, this is always a matter of attention for the people to avail the dinar as a future making investment. That’s why, this is one of the best options available for the newly investors who are seeking an option of finding the best ways of investment. Continue reading